Former Premier League star racks up £1m gambling debts, declared bankrupt

According to a report in the Sun, former Liverpool and Leeds United defender Dominic Matteo was declared bankrupt after accumulating over £1million in gambling losses.

Last Updated: Aug 17, 2015, 15:29 PM IST
Former Premier League star racks up £1m gambling debts, declared bankrupt

New Delhi: According to a report in the Sun, former Liverpool and Leeds United defender Dominic Matteo was declared bankrupt after accumulating over £1million in gambling losses.

An order against the former Premier League star was obtained by the government-run Insolvency Service at Halifax County Court.

Matteo had earlier admitted to losing over a million pounds on horses and the fact he was a compulsive gambler.

He even admitted to once betting £100,000 on a single horse.

An Insolvency Service spokesman told the Daily Record:

“The matter is at an early stage. Mr Matteo will need to be interviewed to establish how many creditors there are and how much is due to them. A decision will also have to be made over whether to appoint an insolvency practitioner to handle the case.”

During the launch of his 2011 biography In My Defence, Matteo had publicly spoken about his gambling problems.

“Most of my friends and family know I enjoy a drink but the gambling side, especially the extent of it, was not known and has come as a shock to them. You used to have to walk into the bookies to get your bet on and in a place like Leeds everyone would know if you started putting big money on. But with telephone accounts and text betting, you can do it privately. No one’s the wiser. There’s no prying eyes and bookmakers guard your secrecy.”